Price trend

According to the data monitoring of SunSirs, the sulfur production price in East China over the weekend was 526.67 RMB/ton, up 1.28% in the week. On May 29, the sulfur commodity index was 28.90, unchanged from the former day, down 72.17% from 103.84 (2011-11-02), the highest point in the cycle, and up 12.06% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

Analysis review   

This week, the trend of sulfur price was stable and rising. Refineries in various regions in China adjusted their prices according to their own shipping conditions, and Sinopec's solid-liquid sulfur in East China was increased by 20 RMB/ton at the same time; while Sinopec's Yanshan Petrochemical in North China was stable, the prices of solid-liquid sulfur in other enterprises were increased by 10 RMB/ton at the same time; Sinopec's quotation of liquid sulfur in Shandong was increased by 10 RMB/ton. The overall increase of market price was not large, and some enterprises have maintained stable operation.

In the downstream, the domestic demand for phosphate fertilizer was in the off-season, and the manufacturers mainly purchaseed on demand. There were still unclear factors in the export, and the current volume and price were temporarily stable. This week, the price trend of Monoammonium and diammonium in China has been lowered, the domestic market was light, the market demand was weak, and the enterprise mentality was general. In terms of sulfuric acid, the performance of domestic market areas was different, the market demand was poor, and the purchase was on demand and it was expected to be stable in the short term.

Market outlook

Sulfur analysts of SunSirs believe that the quotation of domestic sulfur market will be raised this week, and factories and traders will purchase and replenish on demand. The overall market will be consolidated and wait-and-see. It is expected that the trend of domestic sulfur market will be sorted out and operated in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com